Key Highlights
- Smartworks Coworking Spaces signed new managed office deals worth approximately ₹305 crore.
- The new agreements are expected to generate incremental contracted rental revenue of around ₹305 crore.
- The contracts have engagement periods of up to 60 months.
- The new client additions include large Indian and global corporate companies.
- Smartworks recently announced approximately ₹235 crore in incremental contracted rental revenue from existing client expansions.
- Combined incremental contracted rental revenue from the two announcements stands at approximately ₹540 crore.
- The company’s contracted rental revenue stood at approximately ₹5,400 crore as of June 30, 2026.
- Smartworks serves more than 760 clients across multiple locations.
- Around 92% of the company’s revenue comes from large corporate clients.
Smartworks Coworking Spaces Limited has announced the signing of new leasing engagements with large corporate clients across multiple cities, adding approximately ₹305 crore in incremental contracted rental revenue.
The company said the newly signed agreements represent leasing revenue from engagements of up to 60 months. The announcement comes in addition to Smartworks’ recently disclosed incremental contracted rental revenue of approximately ₹235 crore from expansions by existing clients.
With both announcements combined, Smartworks has added around ₹540 crore in incremental contracted rental revenue. The company’s total contracted rental revenue stood at approximately ₹5,400 crore as of June 30, 2026.
The new client additions include a mix of large Indian and global corporations. According to the company, the client portfolio includes a technology solutions company backed by a Fortune 500 and Forbes Global 2000 parent, a research and consulting company, a healthcare company, a sportswear and lifestyle brand and a global CXM services provider, among others.
Smartworks said the latest contracts add to its existing client base of more than 760 customers. Around 92% of the company’s revenue comes from large corporates, according to the announcement.
The company has also secured an expansion pipeline across prime locations for FY27 and FY28, with some capacity extending into FY29. Smartworks said this provides visibility on capacity utilisation as demand for managed office and flexible workspace solutions continues across major business locations.
Commenting on the development, Neetish Sarda, Founder and Managing Director of Smartworks, said the company is seeing increasing demand for managed workspaces as businesses expand across markets. He said the managed workspace model provides companies with flexibility and allows them to focus on their core operations while outsourcing workplace-related requirements.
Smartworks operates managed office campuses in high-demand business locations and provides office space along with facilities such as cafeterias, convenience stores, gyms, recreation areas, creches and round-the-clock support.
The company said its strategy involves securing long-term leases for large office campuses in prime business locations and offering integrated workplace infrastructure to corporate clients.
